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A match made in cyberspace? Yahoo! set to buy Tumblr for $1.1bn

Not quite a year after arriving at Yahoo! from Google, chief executive Marissa Mayer has apparently persuaded her board to approve the purchase of Tumblr – the go-to website for legions of young bloggers and internet sharers – for $1.1bn in cash, despite it making just $13m in sales last year.